CASEY'S GENERAL STORES INC (CASY) Stock Fundamental Analysis
NASDAQ:CASY - Nasdaq - US1475281036 - Common Stock - Currency: USD
CASY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Consumer Staples Distribution & Retail industry. While CASY has a great profitability rating, there are quite some concerns on its financial health. While showing a medium growth rate, CASY is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CASY was profitable.
In the past year CASY had a positive cash flow from operations.
Each year in the past 5 years CASY has been profitable.
CASY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CASY (6.66%) is better than 75.00% of its industry peers.
Looking at the Return On Equity, with a value of 15.58%, CASY is in the better half of the industry, outperforming 72.50% of the companies in the same industry.
CASY has a Return On Invested Capital of 8.77%. This is in the better half of the industry: CASY outperforms 70.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CASY is in line with the industry average of 8.23%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.66% | ||
| ROE | 15.58% | ||
| ROIC | 8.77% |
ROA(3y)7.36%
ROA(5y)7.06%
ROE(3y)16.34%
ROE(5y)16.08%
ROIC(3y)9.59%
ROIC(5y)9.24%
1.3 Margins
Looking at the Profit Margin, with a value of 3.43%, CASY belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
In the last couple of years the Profit Margin of CASY has grown nicely.
With an excellent Operating Margin value of 5.11%, CASY belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
CASY's Operating Margin has improved in the last couple of years.
CASY has a Gross Margin of 23.54%. This is comparable to the rest of the industry: CASY outperforms 52.50% of its industry peers.
In the last couple of years the Gross Margin of CASY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.11% | ||
| PM (TTM) | 3.43% | ||
| GM | 23.54% |
OM growth 3Y10.42%
OM growth 5Y3.74%
PM growth 3Y9.31%
PM growth 5Y3.57%
GM growth 3Y3.34%
GM growth 5Y0.14%
2. Health
2.1 Basic Checks
CASY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CASY has more shares outstanding than it did 1 year ago.
CASY has more shares outstanding than it did 5 years ago.
CASY has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.27 indicates that CASY is not in any danger for bankruptcy at the moment.
CASY has a better Altman-Z score (5.27) than 77.50% of its industry peers.
The Debt to FCF ratio of CASY is 4.29, which is a neutral value as it means it would take CASY, 4.29 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CASY (4.29) is better than 65.00% of its industry peers.
CASY has a Debt/Equity ratio of 0.69. This is a neutral value indicating CASY is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.69, CASY is in line with its industry, outperforming 47.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 4.29 | ||
| Altman-Z | 5.27 |
ROIC/WACC1.05
WACC8.36%
2.3 Liquidity
CASY has a Current Ratio of 0.92. This is a bad value and indicates that CASY is not financially healthy enough and could expect problems in meeting its short term obligations.
CASY has a Current ratio of 0.92. This is in the lower half of the industry: CASY underperforms 75.00% of its industry peers.
A Quick Ratio of 0.48 indicates that CASY may have some problems paying its short term obligations.
The Quick ratio of CASY (0.48) is worse than 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.01% over the past year.
CASY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.57% yearly.
Looking at the last year, CASY shows a small growth in Revenue. The Revenue has grown by 7.25% in the last year.
CASY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.68% yearly.
EPS 1Y (TTM)9.01%
EPS 3Y17.22%
EPS 5Y15.57%
EPS Q2Q%12.39%
Revenue 1Y (TTM)7.25%
Revenue growth 3Y7.16%
Revenue growth 5Y11.68%
Sales Q2Q%10.91%
3.2 Future
CASY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.13% yearly.
Based on estimates for the next years, CASY will show a small growth in Revenue. The Revenue will grow by 4.72% on average per year.
EPS Next Y10.72%
EPS Next 2Y11.65%
EPS Next 3Y11.33%
EPS Next 5Y15.13%
Revenue Next Year9.43%
Revenue Next 2Y7.87%
Revenue Next 3Y6.51%
Revenue Next 5Y4.72%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 35.33, CASY can be considered very expensive at the moment.
Based on the Price/Earnings ratio, CASY is valued a bit more expensive than 62.50% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.45, CASY is valued a bit more expensive.
A Price/Forward Earnings ratio of 31.91 indicates a quite expensive valuation of CASY.
The rest of the industry has a similar Price/Forward Earnings ratio as CASY.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, CASY is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.33 | ||
| Fwd PE | 31.91 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CASY indicates a slightly more expensive valuation: CASY is more expensive than 65.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CASY is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.84 | ||
| EV/EBITDA | 17.37 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CASY has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.29
PEG (5Y)2.27
EPS Next 2Y11.65%
EPS Next 3Y11.33%
5. Dividend
5.1 Amount
CASY has a yearly dividend return of 0.45%, which is pretty low.
CASY's Dividend Yield is comparable with the industry average which is at 2.08.
With a Dividend Yield of 0.45, CASY pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
5.2 History
The dividend of CASY is nicely growing with an annual growth rate of 9.28%!
CASY has paid a dividend for at least 10 years, which is a reliable track record.
CASY has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)9.28%
Div Incr Years25
Div Non Decr Years34
5.3 Sustainability
13.23% of the earnings are spent on dividend by CASY. This is a low number and sustainable payout ratio.
CASY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP13.23%
EPS Next 2Y11.65%
EPS Next 3Y11.33%
517.23
+6.31 (+1.24%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners96.25%
Inst Owner Change8.48%
Ins Owners0.48%
Ins Owner Change2.93%
Market Cap19.20B
Analysts79.13
Price Target540.46 (4.49%)
Short Float %2.76%
Short Ratio2.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
Yearly Dividend1.95
Dividend Growth(5Y)9.28%
DP13.23%
Div Incr Years25
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.03%
Min EPS beat(2)13.84%
Max EPS beat(2)32.23%
EPS beat(4)4
Avg EPS beat(4)15.37%
Min EPS beat(4)4.69%
Max EPS beat(4)32.23%
EPS beat(8)8
Avg EPS beat(8)17.79%
EPS beat(12)11
Avg EPS beat(12)14.19%
EPS beat(16)13
Avg EPS beat(16)11.06%
Revenue beat(2)1
Avg Revenue beat(2)1.23%
Min Revenue beat(2)-0.36%
Max Revenue beat(2)2.81%
Revenue beat(4)1
Avg Revenue beat(4)-1.14%
Min Revenue beat(4)-3.71%
Max Revenue beat(4)2.81%
Revenue beat(8)2
Avg Revenue beat(8)-1.9%
Revenue beat(12)2
Avg Revenue beat(12)-2.03%
Revenue beat(16)4
Avg Revenue beat(16)-1.52%
PT rev (1m)16.94%
PT rev (3m)20.14%
EPS NQ rev (1m)-0.3%
EPS NQ rev (3m)-0.3%
EPS NY rev (1m)0.73%
EPS NY rev (3m)0.54%
Revenue NQ rev (1m)-1.46%
Revenue NQ rev (3m)-1.46%
Revenue NY rev (1m)-1.51%
Revenue NY rev (3m)0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.33 | ||
| Fwd PE | 31.91 | ||
| P/S | 1.2 | ||
| P/FCF | 32.84 | ||
| P/OCF | 17.6 | ||
| P/B | 5.47 | ||
| P/tB | 8.48 | ||
| EV/EBITDA | 17.37 |
EPS(TTM)14.64
EY2.83%
EPS(NY)16.21
Fwd EY3.13%
FCF(TTM)15.75
FCFY3.05%
OCF(TTM)29.39
OCFY5.68%
SpS429.44
BVpS94.52
TBVpS60.99
PEG (NY)3.29
PEG (5Y)2.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.66% | ||
| ROE | 15.58% | ||
| ROCE | 11.45% | ||
| ROIC | 8.77% | ||
| ROICexc | 9.2% | ||
| ROICexgc | 11.26% | ||
| OM | 5.11% | ||
| PM (TTM) | 3.43% | ||
| GM | 23.54% | ||
| FCFM | 3.67% |
ROA(3y)7.36%
ROA(5y)7.06%
ROE(3y)16.34%
ROE(5y)16.08%
ROIC(3y)9.59%
ROIC(5y)9.24%
ROICexc(3y)10.13%
ROICexc(5y)9.8%
ROICexgc(3y)12.06%
ROICexgc(5y)11.37%
ROCE(3y)12.52%
ROCE(5y)12.06%
ROICexcg growth 3Y4.56%
ROICexcg growth 5Y1.14%
ROICexc growth 3Y2.77%
ROICexc growth 5Y-2.09%
OM growth 3Y10.42%
OM growth 5Y3.74%
PM growth 3Y9.31%
PM growth 5Y3.57%
GM growth 3Y3.34%
GM growth 5Y0.14%
F-Score6
Asset Turnover1.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 4.29 | ||
| Debt/EBITDA | 1.98 | ||
| Cap/Depr | 125.41% | ||
| Cap/Sales | 3.18% | ||
| Interest Coverage | 9.4 | ||
| Cash Conversion | 89.6% | ||
| Profit Quality | 106.97% | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | 5.27 |
F-Score6
WACC8.36%
ROIC/WACC1.05
Cap/Depr(3y)142.29%
Cap/Depr(5y)140.17%
Cap/Sales(3y)3.28%
Cap/Sales(5y)3.49%
Profit Quality(3y)90.52%
Profit Quality(5y)104.68%
High Growth Momentum
Growth
EPS 1Y (TTM)9.01%
EPS 3Y17.22%
EPS 5Y15.57%
EPS Q2Q%12.39%
EPS Next Y10.72%
EPS Next 2Y11.65%
EPS Next 3Y11.33%
EPS Next 5Y15.13%
Revenue 1Y (TTM)7.25%
Revenue growth 3Y7.16%
Revenue growth 5Y11.68%
Sales Q2Q%10.91%
Revenue Next Year9.43%
Revenue Next 2Y7.87%
Revenue Next 3Y6.51%
Revenue Next 5Y4.72%
EBIT growth 1Y13.27%
EBIT growth 3Y18.33%
EBIT growth 5Y15.86%
EBIT Next Year73.78%
EBIT Next 3Y27.22%
EBIT Next 5Y19.08%
FCF growth 1Y57.6%
FCF growth 3Y8.15%
FCF growth 5Y55.02%
OCF growth 1Y22.16%
OCF growth 3Y11.42%
OCF growth 5Y16.69%